Fourthline, the leading RegTech provider of AI-powered and compliant KYC and AML solutions, is pleased to announce the appointment of Peter Grausgruber as its Chief Financial Officer (subject to approval from the Dutch Central Bank).
Peter previously served as Group Chief Financial Officer (CFO) at Bitpanda, the European leading home of digital assets and Austria's first unicorn. He brings a wealth of experience to support the next phase of growth at Fourthline, having scaled Bitpanda to one of the leading Fintech scale ups in Europe through 3 funding rounds of EUR ~500mn ( USD 4bn valuation) to up to >800 people and ~20 legal entities. Peter has a deep understanding of the industry from a customer perspective. He is a strong believer that regulation will continue to strengthen and impact growth, and recognizes Fourthline's unique USP in the market. Grausgruber's expertise will be instrumental in driving the company's growth and taking it to the next level of maturity.
Peter Grausgruber commented: “Compliance and regulation have become of absolute importance to our sector. Having been on the customer side of providers, I am looking forward to bringing that experience to the team and to continue delivering proprietary innovative solutions to our clients."
Bob Geiman brings nearly 30 years of investing and/or operating experience in technology companies. In late 2014, Bob co-founded Confirm, a mobile-based identity authentication as a service software company and served as the company’s Chairman and CEO until acquired by Facebook. As such, Bob has a deep understanding of the sector Fourthline operates in and the needs of clients, the expectations of regulators and the keys to successfully scaling a business in the identity space. In his career, Bob has sourced and/or led investments in over 30 companies, representing over USD 300 million in invested capital working at Summit Partners, Warburg Pincus, Polaris Venture Partners and currently at Cava Capital.
Bob Geiman noted: "Fourthline's AI-powered solutions are reshaping the way financial institutions approach KYC and AML compliance. I am thrilled to join the team and help guide the company's growth and innovation as a member of the Supervisory Board."
The Fourthline platform provides banks and financial services providers with a complete suite of proprietary tech products that adhere to local KYC, AML and GDPR requirements in Europe and beyond. Fourthline’s AI-driven solutions unlock compliance for the entirety of the lifecycle, from onboarding, the verification and analysis, through to investigations and continuous KYC, in all stages of business development.
Since its launch in 2018, the company has grown more than 80% yearly. Fourthline now employs over 270 people across The Netherlands, France, Spain and The UK; and works with European fintech leaders including N26, Trade Republic, Qonto and Scalable Capital; and other regulated financial institutions such as NN, Solaris and Western Union.
Fourthline's co-founder and CEO, Krik Gunning, said: "We are excited to have Peter and Bob join our leadership team. Peter's experience in scaling Bitpanda will be invaluable as we continue to grow and mature as a company. Bob brings a wealth of experience in building and scaling technology businesses and has a deep understanding of what it takes to build an industry leading company in the identity space. We are confident that his insights will help us achieve our ambitious goals. We look forward to working together to drive the future success of Fourthline."